Enterprising Investor
Practical analysis for investment professionals

Search results for: where markets fail

Buyers Beware: 7 Red Flags That Signal a Private Market Reckoning

Explore red flags in private markets as speculative excess, retail marketing, and valuation risks mount. Lessons from financial history.

Fed Independence Tested, but Investors Shouldn’t Expect a Pivot

Investors betting on a near-term plunge in interest rates may be mistaking political theater for monetary policy reality. President Donald Trump’s renewed pressure on Federal Reserve Chair Jerome Powell has stirred speculation in the bond and futures… READ MORE ›

Bayesian Edge Investing: A Framework for Smarter Portfolio Allocation

Explore a Bayesian approach to investing that updates beliefs with data, manages risk, and identifies market mispricing.

Book Review: Financial Statement Analysis for Value Investing

Penman and Pope refine classic value investing through the lens of financial statements.

Maladapted Industries: The Risk of Artificial Selection by the State

From Europe’s steelmakers to global EV producers, "pet industries" rely on state support to survive, but as political winds shift, their future looks increasingly fragile.

The Downgrade Is Done. The Investor Response Is Just Beginning

The US downgrade won’t upend markets—but it may reshape sovereign risk models and investor assumptions. Here’s what to watch next.

Vices, Virtues, and a Little Humor: 30 Quotes from Financial History

This collection of quotes from US financial history offers timeless lessons in vice, virtue, and investing wisdom for every generation.

Private Equity at a Crossroads: A Conversation with Ludovic Phalippou

Oxford professor Ludovic Phalippou challenges the private equity status quo in a candid discussion on performance, transparency, and the future of the industry.

Resilience Is the New Alpha: Rethinking Risk in a Fragile World

The market has stopped applauding good intentions and started testing whether companies can withstand the world's mess.

Top 10 Posts from Q1: Valuation Models, Inflationary Shocks, Private Markets

This quarter's top reads reveal what's capturing the attention of investment professionals.